Garanti BBVA International’s Post

Wema Bank is getting international recognition for its positive impact! 👏 The bank recently won 3 awards at The Digital Banker Global Sustainable Finance Awards Gala 2024 for its work in digital innovation and sustainability. These awards highlight the bank's achievements in SME finance, digital platforms, and sustainability leadership. #WemaBank #Sustainability #DigitalBanking #FinancialInclusion

Francis De Roeck has created an indelible legacy in the European payments arena, helping to create SEPA’s ISO 20022 messaging standard, the European Payments Council rule books, and BNP Paribas Cash Management & Trade Solutions’ direct debit mandate management system, among many other initiatives. As he prepares to retire from the bank, De Roeck looks back on his career, discusses how curiosity is vital for innovation, and reveals his future plans to TMI. Read article: https://lnkd.in/eR-daQz8 #treasury #treasurymanagement #corporatetreasury BNP Paribas

The Romanian banking sector, boasting the EU's highest return on equity, is undergoing M&A activity amidst favorable economic conditions. Factors include the region's robust economic growth, increased market diversification, and regulatory changes enhancing investor confidence. Recent deals, such as UniCredit's acquisition of Alpha Bank and Intesa Sanpaolo's purchase of First Bank, reflect a trend of consolidation and strategic expansion. Read more on this article written by Polina Mednikova, Emanuele Tartaglini, Dinu Cionga and Georgia-Alesia Mirică #banking #easterneurope #mergersandacquisitions

https://lnkd.in/gxgkfPmw Just last November, when I spoke to senior bankers in both retail and investment banks, the general sentiment was considerably more bearish than it is today. There was a strong focus among those interviewees on the risk that devaluation and the huge question mark over Milei’s ability to generate a coalition to pass a coherent reform agenda could together spark problematic levels of deposit flight among the country’s retail banks. So far, this hasn’t happened. In fact, the outlook for the Argentine banks has improved rapidly. In the first quarter of this year, along with full-year 2023 results, both Galicia and Banco Macro – which recently bought Brazilian lender Itaú’s bank in the country – upgraded their guidance on their returns on equity for this year. That came thanks to their positive exposure to inflation and dollar-linked securities, as well as their solid capital positions and resilient net interest margins (NIMs). Specifically, Galicia mentioned an RoE of between 12% and 15%. As well as a positive fundamental outlook, the banks are gaining from regulatory changes enacted by the central bank. The high level of prescription that previous administrations placed on the banking system created a notoriously difficult operating environment. However, the central bank has already scrapped minimum interest rates for deposits – creating uplift for NIMs – and is expected to scrap or ease rules that prohibit dividends and branch closures. The banks won’t need to be asked twice to optimise capital structures and improve their cost bases."

What a great event with so many clients from around the world! It was a pleasure to welcome our partners & friends in Milan and looking forward to keeping the relationships growing ! UniCredit Group Correspondent Banking and Global Securities Services welcomed more than 80 clients last week to its International Banking Seminar hosted in its Milan's headquarters. During the seminar there was an insightful debate around the evolving industry landscape in Trade Finance, Cross Border Payments and Securities Services, where the theme of collaboration and partnership between correspondent banks was outlined as a key success factor to continue to connect a globalized but also more and more fractioned world through cross border payments and trade flows. Alongside the value of collaboration, the main takeaways from the seminar have been: 🔸 The banking sector and especially European banks are showing strong results and resiliency 🔸 Geopolitical challenges are creating frictions and reshaping established economic and global trade patterns 🔸 Digital evolution gives a great opportunity to review business models to create more efficiency, while crucially also enhancing the client experience 🔸 The competitive arena is evolving also thanks to new players as well as rising influence of regulations and ESG related focus 🔸 Ensuring profitability and long term sustainability of the industry requires a collaborative approach also to important matters such as security, financial crime prevention and overall safeness of operations in the interest of all market participants and clients A big thank you to all the participant to this event!!      📌 #Payments #Trade #Custody #Correspondent #Banking #securitieservices UniCredit

EuroChamber is pleased to announce that our Premium member, Худалдаа хөгжлийн банк / Trade and Development Bank, has opened a new USD nostro account with The Bank of New York Mellon (BNY Mellon). The Trade and Development Bank’s (TDB) new USD nostro account with The Bank of New York Mellon (BNY Mellon) is a significant development for Mongolia’s banking sector. It represents a major step in reintegrating Mongolia into the global USD payment system. This move is not only a testament to TDB’s commitment to adhering to international financial norms but also a crucial step in showcasing Mongolia’s banking sector development on the global stage. This cooperation with BNY Mellon enhances the efficiency and cost-effectiveness of USD transfers for Mongolia, facilitating transactions to over 100 countries. For businesses and individuals involved in Mongolia-European transactions, this development is particularly noteworthy. It opens up easing and streamlining USD transactions between Mongolia and European countries.

Dynamic competition in Romania's banking industry. Read Bloomberg's latest East Europe Edition.

🤝 Who is the best partner for #emergingmarkets? BBVA is a true benchmark! BBVA Corporate & Investment Banking is positioning itself in #Turkey as a leading entity for public sector issuers thanks to the work of our sepcialized teams and experts in the local market. This is how well we have started 2024! All details here 👇

With a diverse array of challenges and opportunities, the region presents a mixed picture in the banking industry. However, one thing remains clear: Brazil stands as the banking capital of the region. As businesses navigate the dynamic landscape of Latin America's banking sector, it's crucial to recognize its significance. With Brazil leading the charge, businesses must closely observe and engage with the banking industry to innovate and co-create alongside major brands, positioning themselves as market leaders. #Brasil #MRCGroup #BankingIndustry

https://lnkd.in/eqsAuVh9 Panama boasts the leading International Banking Center in Latin America. More than 70 banks of 32 countries worldwide, including regions as Asia, Europe, and the Americas. Explore further “insights” about the Panama Banking Center through this video. Panama Global Solutions - https://lnkd.in/eqsAuVh9 ---- #PanamaBankingEurope, #EuropeanFinance, #BankingOpportunities, #GlobalBankingSolutions, #FinancialFreedomEurope, #WealthManagement, #InternationalInvesting, #TaxOptimization, #DiversifyYourWealth, #SecureBanking, #InvestmentDiversification, #GlobalMarketAccess, #AssetProtection, #PanamaGateway